The 2-year comparison and the negligible shrink in the volume-wise imports indicate the US buyers are still sourcing garment products from world over in bulk quantities. On the other hand, the decline in values says the unit prices are getting tighter – particularly for basic commodities, which will increase competition more in the coming months!
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Trade Data
Vietnam’s garment and textile exports clock US $ 17 billion in January to mid-July ’21 period
Of total export turnover in textile and apparel segments, textile products contributed US $ 1.30 billion, accounting for 7.60 per cent, whereas garments shared the remaining value – US $ 15.70 billion, up 33.5 per cent on Y-o-Y basis.
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Kidswear import of the USA has surged by 35.83 per cent to US $ 935.50 million in Jan.-May ’21 period. All major Asian apparel exporting destinations have seen Y-o-Y growth in their respective shipments of kids clothing during the period.
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CSMA says that, with the theme of ‘smart manufacturing, intelligence enabling and wisdom gathering’, CISMA 2021 seeks to ameliorate equipment capacity with technologies, further the change of down-stream industries and related dynamics transition, and stimulate digital and intelligent upgrade.
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